Recent content by Stag

Hi Sive, I gave bad numbers for the 0.5 - 0.618 Fibonacci retracement levels for wave 2 in my last post. Probably it was clear that they are wrong, the correct values are around 1000 - 800 range (instead of 200 - 100). My bad, sorry for that.

Guys, I wrote bad numbers for the 0.5 - 0.618 Fibonacci retracement levels for wave 2. The correct values are around 1000 - 800 range (instead of 200 - 100). My bad, sorry for that.

You are welcome, mate. Nature is not self-destructive just follows its own rules. As Elliott observed, natural wave patterns form larger and smaller versions of themselves - this means the price activity is fractal. The Wave Principle identifies trend, countertrend, the maturity of a trend and...

Hi guys, Sive asked me to share my Elliott Wave Principle based view on Gold so let me show you how I see it. The bottomline: The advance's internal structure off 1454 lows along with the Kennedy channels suggest at least one more new high is probable before a major corrective setback starts...

Wow, the new forum engine forces you to log in to see attachments. Nice update anyway...

Greetings guys, my last "naughty" forecast for the USDEUR has started proving itself: prices hit a new high at 0.9192 followed by a break below the lower boundary of our blue corrective price channel. The sequence to the upside seems to be complete and now prices are approaching our critical key...

Greetings guys, this time let me show you a couple of USDEUR charts you will not find elsewhere (the opposite of the Euro) which shows a very similar pattern we have in the Dollar index. On the monthly chart, the decline from the high appears to be a huge ending diagonal completing the last...

Greetings guys, my forecast from last week proved to be correct and now we have a new low at 1.0922. It is possible the ending diagonal just ended, but in lack of evidence a larger ending diagonal is still possible. In this case after a pullback prices can go as deep as 1.07 depending on the...

Greetings guys, it's beeen a while since my last update and the Euro is getting exciting enough to share my current view again. I agree with Sive, but it's worth taking a look at the larger structure that gives context. The chart suggests how this sequence and its final wave may be subdividing...

Greetings guys, it's worth recalling to see how our structure evolved over the past few weeks. Prices found a way and postponed our moment of truth a bit. All three scenarios remain valid with minor adjustments / new key levels.

Greetings guys, both counts and forecasts proved to be correct and we had a diagonal topping at 1.1347 followed by a deep decline back below 1.1200. It's premature to conclude the Euro has established a bottom (green wave "a" or wave 2 as an option), but it should find its final bottom around...

Congrats, Deltoid, the Euro followed your plan! The only thing I can add is the rise can be part of an ending diagonal (forming wave C of an ABC correction). In this case a swift reversal should start from nearby levels (and back below 1.1200).

So my warn became a reality, the Euro hit a new high and our structure turned into a five wave sequence, possibly forming a leading diagonal. Since leading dagonals are first waves, my focus has switched to a wave 2 (or wave B) correction unfolding off the 1.1309 high. A typical wave 2 is...

Our short-term bullish expectations has been already met but note, that we have only three waves up completed at 1.1306. As long as prices are trading above 1.1215, a sudden rally may start from nearby levels. This is just a warning that the Euro may hit unexpectedly a new peak building a five...

We could hardly find anyone performing technical, fundamental and quantitative analysis and producing such a high-quality content / concise and straightforward daily/weekly market commentary like you do Sive. IMHO the fact is that you are the number one forex market analyst worldwide. Period.